The Study On The Risks Hedging Of Local Government Investment Decisionmaking

With the urbanization and development of the market economy, local government investment projects have important influncation and "far-reaching" effect in various field .In this paper, from the decision-making mechanism, decision-making objectives of China's local governments to analyze the deficiencies in the aversion of risk in investment decision-making, Through the application of stakeholder theory and the analytic hierarch process to enhance the level of the main decision-making , and introduce some measures that used to hedge decision-making risks widely in Chinese enterprise, preventing and controlling the investment decision-making venture .First, The article summarized the domestic and foreign government investment decision-making risk on the basis of the research, given the concepts of local government investment and the local government decision-making. Then define the local government investment decision-making features, that the local government investment decision-making features make the risk issue inevitable, laid a theoretical foundation.Next, given the description of the local government investment decision-making risks on the basis of the following areas, where the investment risk of the formation of the reasons for the decision-making; the investment decision-making participants in the interests of diversity; investment decision-making system and monitoring mechanism is not sound; investment decision-making environment and the time.Once more, according the analysis of the local government investment decision-making, put the formation of the reasons forward to avoid the risk of decision-making, and improve the decision-making mechanisms, meanwhile, introduce a creative way based on analysis of the stakeholders to build the core interests of the local government investment projects generating mechanism, combined with AHP selection to participate in decision-making. At the same time, enterprise applications will bring more scientific methods of risk aversion to the integration of the local government to avoid the risk of investment decision-making mechanisms, and improve the investment decision-making mechanism of risk aversion.Finally, select the Xing' an League rural road construction projects as the object of empirical analysis, the measures that the issue raised local government use to hedging decision-making risk will be applied to the decision-making, and enhance the study of the problem persuading.